(I) PROPOSED RENEWAL OF THE SHARE BUY-BACK AUTHORITY;
(II) PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR EXISTING RECURRENT RELATED PARTY TRANSACTIONS (“RRPT”) AND PROPOSED NEW SHAREHOLDERS’ MANDATE FOR ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONSRRPT OF A REVENUE AND/OR TRADING NATURE; AND
(III) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF KPJ
Announcement Details/Table Section :
The Board of Directors of KPJ wishes to announce that the Company proposes to seek its shareholders’ approval for the following at the forthcoming Annual General Meeting of the Company to be held at a date not later than 30 June 2012 :
i. Proposed renewal of shareholders’ mandate for the Company to enable KPJ to purchase up to ten percent (10%) of the Company’s its issued and paid-up share capital at any point in time ("Proposed Share Buy-Back");
ii. Proposed renewal of shareholders’ mandate for existing RRPT and proposed new shareholders’ mandate for additional RRPT of a revenue and/or trading nature ("Proposed Shareholders’ Mandate"); andiii. Proposed amendments to the Articles of Association ("Articles") of KPJ ("Proposed Amendments"). The Circular setting out the details pertaining to the Proposed Renewal of Share Buy-Back Authority, Proposed Renewal and New Shareholders’ Mandate for RRPT and the Proposed Amendments will be despatched to the shareholders of KPJ in due course.
